Dowgate Capital Share Discussion Threads

[davidosh] 16/4/2009 17:11

What price did Webb buy his holding at out of interest ?

[propane] 16/4/2009 16:44

DOWGATE CAPITAL PLC

HOLDING(S) IN COMPANY

The Board of Dowgate Capital plc (the "Company") the AIM quoted financial
services group focused on smaller companies, received notification on 16 April
2009 that, as a result of a sale of ordinary shares in the Company on 15 April
2009, Peter Webb has sold his entire interest of 3,616,794 ordinary shares,
which represents approximately 9.16 per cent. of the total voting rights of the
Company.

[propane] 16/4/2009 13:36

lol, have a look at this post from the Blue Oar bb............sound familiar?........lol........more of the same for you guys if you accept their shares instead of cash!!!

What's happened to all the warrants dgt held?


Blue Oar bb.........
----------------------------------------------------------------------------------------------------------------
I've just had a look at the 2007 report and accounts to see how much the board has taken in remuneration. Monk took £298k and Roberts £359k. In total this board cost us £1.6 in remuneration, plus many millions in shares and share options, which are effectively diluting shareholders at a discount to cash and net asset value. And they have been responsible for a 75% fall in the share price.

In response to the board's claims of what a great job they are doing: "It's all about the share price, stupid!"

[propane] 16/4/2009 13:03

Looking more and more like a 'done deal', B/O have purchased webbs shares, Dru's have probably already been bought and the mm's have locked down the price.....that says it all really. 6p it is then!.......not much point in hanging onto your shares till the end, you might as well cash in now and get what dosh you have left working for you, there are many bargains out there.

[yohoho] 16/4/2009 10:49

The key to this is now Dru Edmonstone. He holds 11.2% according to the October 2008 RNS. That plus Blue Oar's 9.9% equals game over in terms of control. After all, he has only paid for 750,000 of his holding; the rest was given to him. What will he do I wonder....?

[targatarga] 16/4/2009 10:44

for a low down on blue our just look at their news for the past three months....

[lr4850] 16/4/2009 10:05

Have BLUE got the cash to buy? I would be very surprised if they had. Their ability to burn cash on bonuses etc is equal if not surpassed by our bunch of pig troffers. Rawlison?? Just as bad as Barclay. If not worse?

[ashleyjv] 16/4/2009 09:52

Typical, I lost my broadband connection for a couple of days and look what happens.

[yohoho] 16/4/2009 09:34

Thanks for the lesson Gengulphus.

[gengulphus] 16/4/2009 09:10

Not a good outturn - who want's Blue Oar paper? Dump DGT for cash while you can.....

Not wanting Blue Oar paper isn't a good reason to dump DGT for cash - they've said that if they make an offer, cash will be available and a share alternative might be - so an offer won't leave you stuck with Blue Oar paper if you don't want it.

The risk of the offer not going through is a good reason to dump DGT for cash - though that's got to be balanced against the fact that if the offer does go through, you'll get a bit more cash - at least 6p per share compared with about 5.8-5.9p available from the market right now.

Gengulphus

[dturland] 16/4/2009 08:25

thats me out... been waiting for a small recovery and exit point for over 12 months.

good luck to those that continue to hold

[yohoho] 16/4/2009 08:05

Not a good outturn - who want's Blue Oar paper? Dump DGT for cash while you can.....

[propane] 16/4/2009 07:51

Good point Cammy, if the offer fails you will see 2p on the bid faster than you can blink.

[kellydog2] 16/4/2009 07:49

cammy

are you jumping ship today

kd2

[kellydog2] 16/4/2009 07:19

it`s all over

[kellydog2] 16/4/2009 07:08

RNS Number : 6463Q
Blue Oar PLC
16 April 2009






Blue Oar PLC




Possible offer for Dowgate Capital PLC







For immediate release

16 April 2009




The Board of Blue Oar PLC ('Blue Oar') announces that it yesterday purchased 3,891,974 ordinary shares of 7.5p each in Dowgate Capital PLC ('Dowgate'), representing 9.9% of Dowgate's issued share capital, for cash at 6p per share as set out in the disclosure form released today in compliance with Rule 8.1 of the Takeover Code. Blue Oar has no other interests in Dowgate shares.




Blue Oar is considering its position regarding a possible offer for Dowgate. If any offer is made, it will be at a minimum price of 6p per Dowgate share, such price being a premium of 100% to the middle market price of 3p per Dowgate Share as at close of business on 9 April 2009, being the dealing day before the commencement of the offer period. If any offer is made, the consideration would be in cash and may be accompanied by a share alternative. The acquisition may be structured as an offer or as a scheme of arrangement.




Blue Oar has 167,933,601 shares in issue with ISIN GB0031792194. This information is given in compliance with Rule 2.10 of the Takeover Code.




It is emphasised that this announcement does not amount to a firm intention to make an offer and it is possible that no offer will be made.




A further announcement will be made in due course.




Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of Blue Oar, or of Dowgate, all 'dealings' in any 'relevant securities' of that company (including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of Blue Oar or Dowgate, they will be deemed to be a single person for the purpose of Rule 8.3.




Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of

Blue Oar or of Dowgate by Blue Oar or Dowgate, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.




A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.




'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.




Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.




The persons responsible for this announcement are the directors of Blue Oar. To the best of the knowledge and belief of the directors of Blue Oar the information in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.





This information is provided by RNS
The company news service from the London Stock Exchange

END

[davidosh] 15/4/2009 18:00

I can certainly recommend LNG if you want a company where the directors and management deliver and do everything aligned with shareholders. They are even doing a shareholder presentation in London tomorrow morning. Maiden dividend likely this year.

Sadly of course that dividend did not last long at DGT !!

[whitewestie] 15/4/2009 17:28

suppose we have to wait for an RNS now to see what has happened to that 3.6M O trade.

As yohoho says above it must be Webbs sell as it the exact amount he bought on April 3rd he has made a nice profit.


Wonder who has picked them up any thoughts? could it be the interested party?

IF there is a bidder and they are successful looks like we shareholders still holding because of large losses will be shafted as usual.
Consolidation price was 18p now 5.75p

davidosh is right i dont expect anyone has done well at this price must be mostly losses i have also learnt a lesson here never touch this type of business again.

[davidosh] 15/4/2009 15:58

I would expect a bid before the results and AGM as it saves red faces and questions that are difficult to answer. Sadly it will not bring back the tens of kkkks lost here even though I sold out much higher. There cannot be any shareholders who have done well here and certainly a lesson for me in the type of business NOT to invest in.

[yohoho] 15/4/2009 15:53

Looks like Webb's stake has just changed hands.....

[whitewestie] 15/4/2009 13:10

propane,

yes i read the RNS but i cannot see that would account for the rise as nothing has been agreed only an approach as stated which will probably come to nothing like the others.

I would hope it keeps on rising so i could get out with a small loss rather than a large one and plough it back into oils and banks where at present i am making good returns.

ww

[propane] 15/4/2009 09:18

ww, haven't you read the previous posts?......re: yesterdays rns...